Published Date 11/28/2025
Thin trading today with no data points and early closes this afternoon.
Delayed US data showed retail sales rose less than expected in September, signaling potential weakness in consumer spending, while ADP employment indicators pointed to a sharp slowdown in labor market activity.
Last Tuesday the Atlanta Fed’s GDPNow for Q3 GDP, a report that analyses growth based on key incoming data. The report lowered growth from 4.0% to 3.9% for the quarter, well above economists’ 2.8% target.
Over night the CME had an issue with its trading platforms, disrupting trading in futures markets. A data-center fault had affected multiple markets, with the issue lasting longer than a similar outage in 2019. According to reports the outage didn’t cause much of a problem given there are no key reports due today.
At 9:30 am the DJIA opened +105, NASDAQ +90, S&P +18. 10 year at 9:30 am 4.00% unchanged. FNMA 5.5 30 year coupon at 9:30 am -2 bps from Wednesday’s close and +5 bps from 9:30 am Wednesday.
Stocks close at 1 pm, bonds at 2 pm. Next week’s calendar calls for PCE inflation next Friday. Next Monday November ISM manufacturing index.
Source: TBWS
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
Jeff Beck - NMLS ID: 19488. To verify licensing, visit NMLS Consumer Access (www.nmlsconsumeraccess.org).
NMLS: 19488
American Home Lending USA
240 S Buchanan St, Edwardsville IL 62025
Company NMLS: 2239
Office: 618-310-0091
Cell: 618-806-2281
Email: jbeck@ahlusa1.com
NMLS: 19488
Cell: 618-806-2281
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